CD leg front run (x2 Cypher confluence)

Simple setup up to front run a possible dual Cypher C point confluence. This trade is obviously more risky and less statistically sound to succeed, but based on the current exhaustive run of the $ lower we should realistically be looking for some pull back, especially as most pairs have shown a correction already against the dollar; notably in the risk pairs AUD, NZD & CAD.

The GBP & EUR are still tussling to give up any gains and there is still potential for the EUR to make more headway before a correction of some sort. Bearing in mind the risk pairs correction, and the large harmonic formation developing in the USDJPY , I suspect we are finally at levels for $ strength to materialise across multiple pairs; therefore, an inevitable strengthening of the $ dollar is surely upon us, even if it proves slight.

3) Serious lows across a lot of the CHF pairs, this will not be favoured by the SNB and they may be considering hidden intervention to stall declines before they get too aggressive.

4) C point confluence of two potential Cypher patterns at key fib. levels.

5) $ weakness has been extreme, especially considering that majors have been advancing since July. EUR & GBP are now at neutral pre-taper levels. More gains will be based on sustained QE effort and improving fundamentals across each pair(notably so in the GBP, not so much in the EUR). We will likely require Fed confirmation of their stance to determine the next 4/5 hundred pip move.

6) Expectation of EU rhetoric to try and pressure the EUR, mainly from Draghi.

7) Double doji on the daily TF. H4 Marubuzo on EUR with 2 candles to make up 0.786 of the candle with topside wicks on the candles' close. 0.618 tagged on the entire weekly decline from 1.4940 to 1.2042